25 Tips for Buying a Condo

As real estate prices soar, many Canadians are rediscovering the joys of urban living and are buying condos. Here are 25 tips to help you make smart choices. Condo sales are at an all-time high. In cities like Toronto and Vancouver, people are rediscovering the joys of living downtown again, along with the low-maintenance and easy lifestyle that goes with having your very own castle in the clouds. With real estate prices at truly stratospheric levels across the country, a condo is an affordable way into the market, especially for young people.

Kathy Monahan, an agent with Forest Hill Realty in Toronto, has been helping clients buy and sell condos for nearly three decades and offers these 25 insider tips when you’re thinking of going condo.

Before you start
1. Hire a professional realtor to help with the buying process. It costs you nothing, since the seller pays the commission.

2. Make sure you have a good lawyer.

3. Seek financial qualification, to determine how much mortgage you can afford.

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